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Score: 0.07 of 1 pt 10 of 19 (19 complete) HW Score: 91.58% 7x Chapter Problem 5 Ques The nation of Pecunia had a current
Score: 0.07 of 1 pt 10 of 19 (19 complete) HW Score: 91.58% 7x Chapter Problem 5 Ques The nation of Pecunia had a current account deficit of $1.2 billion and a nonreserve financial account surplus of $400 million in 2014. a. What was the balance of payments of Pecunia in that year? The balance of payments of Pecunia was $ - 800 million. (Enter your response as an integer and make sure to insert the negative sign if necessary.) What happened to Pecunia's net foreign assets in 2014? Pecunia's net foreign assets fell by $ 1200 million (Enter your response as the absolute value of a change in integer form.) b. Assume that foreign central banks neither buy nor sell Pecunian assets. How did the Pecunian central bank's foreign reserves change in 2014? Pecunian central bank reserves by million. (Enter your response as the absolute value of a change in integer form.)
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